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Abstract
India is a fast developing economy having greater responsibility in educating, developing and managing its own human resources for both domestic and global employment. No Nation can progress, no human group can advance and no individual can prosper without proper education, as education is the backbone of the nation. Education along with economic, cultural growth and empowerment forms core of every social and human development doctrines. But unfortunately a majority of the youth passing out from our universities and colleges do not have the specific skill sets required by various sectors in the market. There is a mismatch between the skill manpower required and the skill manpower available and there is huge shortage of skill talent. Realizing the urgency of skilling our coming generation to fulfill the demand of our job market, the government of India has formulated the National Policy on Skill Development (2009) and set a target for providing skills to 500 million people by 2022. The objective is to create a workforce empowered with improved skills, vocational knowledge and internationally recognize qualifications to gain access to decent employment and ensure India’s competitiveness in the dynamic Global market.